Germany is trying to play both ends against the middle, says Robert Hormats, Kissinger Associates, sharing his thoughts on Greece and Germany's relationship with the rest of Europe.» Read More
Gold surged to over $1790 an ounce touching a six-week high on Monday as investors continued to pile into the traditional safe haven on an intensifying European crisis that has brought Italy's debt woes into the forefront.
The Group of 20 is seeking to meet again, possibly before Christmas, with the aim of resurrecting a deal to provide an international firewall around Greece, G20 sources have told the Financial Times, saying negotiators at the Cannes summit had been close to an agreement.
Those looking for firm action in the final G20 communique would have had a hard time finding much to get their teeth into.
Europe failed to get the leaders of the world's wealthiest economies to help out with its debt troubles, but everyone left a G20 summit Friday relieved that at least they forced the Greek prime minister not to hold the world hostage with a bailout vote.
Greek Prime Minister George Papandreou insisted he was not resigning at today's emergency cabinet meeting, according to state television.
Greek Prime Minister George Papandreou's grip on power looked shakier Thursday after the storm surrounding his wish for a referendum on Greece's bailout deal grew, but he apparently has no plans to leave power.
Europe made a serious mistake in trying to carve itself out as a services industry region to the detriment of manufacturing, a CEO told CNBC Thursday.
Tensions between Greek Prime Minister George Papandreou and Finance Minister Evangelos Venizelos are increasing the risk of a Greek government collapse, after Europe and the International Monetary Fund (IMF) warned the debt-laden country Wednesday that it will cut off its aid flow until a planned referendum is resolved.
The European council of heads of states have met 7 times this year and still have another meeting in the diary. Europe’s finance ministers have met 11 times and plan two more before the year is out.
Are Greek austerity measures too severe? Was Greece's PM correct to call a referendum? Peter Morici, University of Maryland, and Jeffrey Kleintop, LPL Financial, discuss.
Telis Demos, Financial Times, sheds insight on the meeting between European leaders after the Greek PM called for a referendum on the bailout deal.
Simply incredible. After Greece entered the European Union under likely false pretenses about their financial condition, and after the European Union has obsessed for months trying to find an orderly solution to the massive debt issues of Greece, Greek leadership now decides to suddenly be uber-democratic and ask for a referendum.
Just five days after EU leaders agreed a new plan to tackle the debt crisis, it is already facing huge criticism. The market, fueled by the collapse of MF Global on Monday, is showing Angela Merkel and Co exactly what it thinks on Tuesday.
A month-long rally for stocks and a European Union deal on its debt crisis have lifted investors' mood, but at least one economist is amazed at the reaction to Europe’s latest attempt to solve its sovereign debt woes.
It's been an ama-a-a-zing week for risk-on currencies, but this strategist thinks a shift is coming.
The U.S. needs to be careful of what Greeks call "mati"—the evil eye. While the market cheered the Greek bailout deal with a 340 point climb, a deal is not a deal until the deal is done.
Even if China would like to support the Eurozone, it cannot bail out risky crisis economies. There is a win-win solution, but that requires concessions on both sides.
Following Thursday's much-anticipated euro zone deal, investors are looking again at stocks although a rally in Europe petered out at mid-day.
The market whip, with Jon Najarian, OptionMonster.com; Jim Iurio, TJM Institutional Services; and Ken Heebner, Capital Growth Management. And Charles Dallara, former asst. Treasury Secretary who negotiated the Greek debt agreement, discusses what happened behind closed doors leading up to the deal.
“Buy Low. Sell High. And don’t get them confused!” There are few more important rules for investors. I’m struck once again by the faithful Pavlovian response of those who were hating stocks as they dipped briefly into Bear Market territory and now, after a 14% gain (in the S&P 500), are waving their bidding paddles and fanning their short-term gains.